• Gives you access to your liquid assets while your money works for you.
• Earns a better return than a savings account with market rates set by Management monthly based on market conditions.
• Provides more flexibility than a cash management fund.

Rules and Requirements
Initial minimum deposit and a minimum ongoing balance of $7,500 is required. If the daily balance falls below $7,500 on any day during the month, a service charge of $10 will be assessed.

• Interest rate is tiered based on daily balance.
• Balance up to $19,999 earns base rate.
• Balances from $20,000 to $49,999 earns base plus 35 basis points.
• Balances $50,000 + earns base plus 70 basis points.
• BASE rate is calculated as the average rate less 150 basis points.
• One rate will be paid on the total balance.

A maximum of six transfers monthly are permitted by check, internet, telephone or pre-authorized transfer. Three may be made by check or debit card. Withdrawals in person, by messenger or ATM are unlimited. A $2.50 charge will be made for each telephone transfer. No telephone transfers can be made to an account titled, wholly or in part, in the name of a person who is not on the account unless pre-authorized in writing.

• There are no restrictions on additional deposits to the account.
• No minimum amount of withdrawal is established. The bank reserves the right to establish one.
• Account can be used for overdraft protection on another checking account of the same customer. If an account is overdraft protected in this way, a service charge or a fee that overdraws the checking account will initiate a transfer from this account.

If you find value in an investment product that offers accessibility, stability and an exceptional rate on investment, call or stop by one of our conveniently located branches today!

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We offer many types of Certificates of Deposit with varying forms and flexible interest payment plans. For current interest rates, stop in or call our Anytime Rateline at 330.533.6511.

Take me to the rates

• Interest may be paid monthly by deposit or check on certificates written for 6 months or longer.
• Certificates of Deposit over $100,000 - Negotiated Rates are available daily by request.
• Farmers National Bank pays competitive interest rates on all certificates of deposit
• Substantial penalty for early withdrawal

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If you haven't given much thought to IRAs in recent years, think about this: now IRAs mean a lot more than just saving for retirement. They mean unprecedented tax-free options, more flexibility in making withdrawals, and more freedom to deduct your contributions. That means you can get to what you're saving for faster, easier, and smarter than you could before.

The Taxpayer Relief Act of 1997 made long-awaited changes to traditional IRAs and created two new types of IRAs - the Roth IRA and the Education IRA - which feature tax-free* withdrawals for certain distribution reasons.

Two New IRAs
The Roth IRA and the Education IRA are both nondeductible IRAs that offer tax-deferred earnings and tax-free distributions. Tax-deferred earnings allow you to grow your nest egg at a faster pace than taxable investments. But, the best part about these new investment products is that they offer tax-free distributions if you follow certain requirements. That means the money you withdraw is yours alone and doesn't have to be included as income at tax time.

Exciting Changes To Existing IRAs
Along with creating two new IRA products, the 1997 legislation brought some exciting enhancements to the traditional IRA. One change is an increased ability to deduct IRA contributions. If you don't currently qualify for an IRA deduction on your taxes, the increase in deduction limits over the next ten years may make you eligible.

Another significant change is the "delinking" of spouses for active participation. This means if one spouse is an active participant in an employer-sponsored retirement plan but the other is not, each determines his or her deductibility independently. In other words, more spouses who are not active participants will now be eligible for IRA deductions.

There are also two new penalty-free distributions available to the traditional IRA: education and a first-time home purchase.

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